Speculators Sit on Sugar Pile, Raising Fears of Selloff

Speculative investors have built a record position in sugar this year, sparking fears of a swift pullback in its price.

Investors such as hedge funds own around 26% of the New York sugar-futures market, according to data from the Commodity Futures Trading Commission. That is down from a third in October, but speculators still own a huge pile of sugar by historical standards—around $5.35 billion worth, at current prices.

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